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Northwood Investors sells Portsmouth, UK, business campus for £138M

Northwood Investors LLC sold the Lakeside North Harbour business campus in Portsmouth, U.K., for £138 million to the local city council, Property Week reported.

The 120-acre property contains 594,000 square feet of offices, 3,000 parking spaces, a day nursery and 8.7 acres of development land, the publication wrote, adding that the 97%-leased asset is home to IBM, Regus, LexisNexis and Babcock International.